Show annual statement issued by colorado mining co the annual report of the Col dolora oralo lo 10 mining company o 0 from november Io vember 1 1913 to november 1 1914 has just been compiled by secretory Secre tiry try W lester mangum points of inter internist int erist cst in the retorts arc are that the money in the treasur of the company is draw drawing ing interest an I 1 that the ex benses of I 1 abo be company wiri ft a few hundred dollars over the earnings last year this was wis a due to 16 55 worth of 0 development WOT that was carried oa on and the pai nent of back taxes which the company protested pio tested against but waa was finally forced to pay this waa was the excise ard income tax as far back as 1903 1900 and amounted to 17 15 although the company received 3 31 in interest during the year the actual surilus after plying a all 11 ex was 2 aub 37 on nov 1 1913 the co hn hr I 1 on ban hall 1 44 86 while or 01 nov I 1 cju the ha i 1 0 oi i h hinl in I 1 is cash or its giuva etva lent 17 02 43 of this amount 37 conn cont aea ba jage age five annual statement issued by colorado mining co continued from page one goo coil ats of a demand loan the remainder is in the treasury treas trea siry iry the report of E F birch assistant gei get eral manager is aa as folio follo va Vs during the ear under discuss on no additional property as been ac quiren and the g ie mains the same Follo following ting the systematic clean up mentioned in the report of last year the leasing system was duly consid ered and adopted this system thus far has given satisfactory results on account of so much bad ground and so go many dangerous places in the old slopes of the mine this leasing eys tern tem has proved to be very advantage advant ag bous to the company awing to the fact that it releases the company fron fro n all accident liabilities and saves many other expenses in dicent to mining in such places in consideration of the lar e ameant of lo 10 v grade ore blocked out can be treat erd fd at a profit with ith the bew i ew milling process operating on a commercial basis and the tive returns from the leased sections of the mine there la Is good reason to believe that the ensuing year will be a fairly sat stac tory one detailed report follows follos at the annual stockholders meet ing held iov nov 23 1914 the board of directors consisting of jesse hn J william W lester man blan guau gum R E alien allen an ande Anunda deAmanda AT knight was re elected reelected by unanimous rote vote of ghares represented at the meeting |